will afford the vessel were evacuated with you're up to date after the break. business news with rob, what's remember you can always get the latest news on our website, d, w dot com. awesome. i social media accounts as well. i am told me a lot for and by then for myself on the team, their company with people and trucks injured when trying to free the city center. more and more refugees are being turned away. warner families all the time. see the reason for the credit on with administrative people lean extreme around around 200 people in june around the world.

more than 300000000 people are seeking refuge. yes. why? because no one should have to flee. make up your own mind. d. w. made for mines. ah, ah, ill on muss commerce to take control of twitter. the space x tesla founder does offer to buy the platform outright and turn it into a haven of free speech. we'll get reaction from wall street. and the european central bank continues to tiptoe around raising interest rates will ask the world bank if the e c. b is being too timid. facility to be business on robots in berlin. welcome to the program. hello, musk wants to take twitter private, the test,

the tycoon. as offered to buy the social media company and turn it into the world's free speech platform as he puts it, he's also suggested he'll sell his existing 9 percent stake in twitter. if his offer is turned down, must himself is a keen user of the social network and has more than 80000000 twitter followers. but he says twitter needs to be transformed and that he can unlock, it's extraordinary potential. but let's get more on that from our correspondence in new york. kim's quarter yeah. ends just august. exactly what it is that the mosque is proposing here young clearly to crazy weeks between a twitter and musk of musk basically wants to take twitter private meeting, also taking it off their stock market. and with that, twitter would not be controlled. tor actually must could basically do

whatever he wants with twitter, but without any influence from regulators like the fcc also from investors or a board of directors. so that's pretty much the planet mask him, hinted that he does not believe that the current management will be capable of turning a twitter around. but taking that company private. what do the trick there was the reaction been from the existing management and of course from the shareholders. well, i mean if you look at other shareholder, so for example, another big shareholder is the saudi prince of elite and t per twitter actually commented that he believes that the price that mask is putting at the table is not high enough. i mean, we're talking a good of $54.00 per share. the company or the stock price of twitter last year

was at time so well about for $70.00 a piece. so it could not be high enough. the reaction on wall street was also quite interesting. initially the stock of twitter went up, but by the end of the training session, the stock went down. so there they are, obviously a lot of question marks them. if this offer, we will go through also what to regulate us might have to say like this, but this saga and between a twitter and ilan mosque obviously never ends. maybe one final word to the stock of tesla because yes, you know, mosque is the richest men on the planet. he has a wealth of about $250000000000.00, but he doesn't have that money on the bank account. so if he wants to buy a trigger, he probably would need to sell some test last year. so to get the funds said to purchase twitter and therefore the stock off tesla also traded to the downside in the thursday session. okay. and quarter in new york for us. thank you. mustang and

the u. s. and nothing moves the world's largest economy like gasoline prices, the surge of recent weeks is sparking frustration and already leading to political consequences. that's true. in particular, in california, the state where the nation's highest gas prices nothing says l. a better these days then? well, this forget hollywood, beverly hills, movie stars and oscars. los angeles is about traffic jams, about wasting time in your car, which also means wasting precious and very, very expensive gasoline. ah, there's something about a high gasoline price and you see it on the marquee, and you literally can see visceral reactions. we are in a high price environment. we have a moment globally that i don't have to tell any of you are out there is, is unlike any other that we've seen, probably in 40 or 50 years, right?

the world out there. rush us war on ukraine. oil, market volatility, supply chain issues, supply and demand squeezes. all that is adding to the existing misery of filling up in california. when you go over 5 or $6.00, it hits people in the pocket book, and it's really difficult. it affects every single consumer. for millions of computers in and around los angeles, escaping the snarling highway traffic is one thing. waiting in long lines at the local discount gas station. to shave off a few cents per tank, is another other things in life had to get sacrificing or that means smaller meals or shorter trips. maybe we've been have escaped like of occasion. it takes right now about $200.00 to fill up my car. it's not going to let get entered california governor gavin newsom. the governor wants to hand out debit cards worth $400.00 to

every before noon. owning it. cost the prize. take for that idea. 11000000000 california tex surplus this over is only a temporary fix, not a solution expert say, in fact, it seems almost certain that high gasoline prices are here to stay. or worse, that they will increase to look at some of the global business stories making the news present. she jim paying has emphasized that china must stick to it. strict 0 coverage policy and things. speculation that current pandemic measures could be relaxed. large cities, including financial hope, shanghai are under strict, locked out with a growing impact on the world's 2nd largest economy. and the international monetary fund plans to raise at least $45000000000.00 for a new trust to help low income and vulnerable middle income countries. them it challenges like pandemic and climate change. i am a head crystelina guilty ava says the goal of the trust is to re distribute funds

from wealthier to more vulnerable countries. as members look to support global economic recoveries. now the european central bank kept its key interest rates unchanged on thursday. the b face is a dilemma with your is an inflation. it's a record high of 7.5 percent in march. fuel and food prices are surging and supply chains remain snarled up. but the u. s. has taken a different path to the c b raising rates twice so far this year. so why the imbalance in a purchase? i asked common reinhardt, from the world bank, whether it's down to disagreement, how long the inflation search will last. i think the federal reserve definitely started out with the narrative that it was all transitory s e c b the e c. b has clung to that view for longer than the fed. i think the fed basically

started backing away from the, the narrative of temporary nist. so certainly at this conjuncture, it, it does seem way behind the curve to be, to be making arguments on temporary. and i think on your core question of why our central banks, timid ah, to raise rates. well, i think we are in a situation where there's, you know, sufficient more in europe at the moment than in the u. s. uncertainty about this, the durability of the recovery. i think we live in a world in which there's a very high level of public and private indebtedness. so i think central banks have become more timid about raising interest rates, certainly than about lowering them. something that the city is keeping an eye on is this prospect of a sudden stop to oil and gas supplies from russia. is that

a prospect that concerns the world bank? i think it is certainly a prospect that, that, that i think it concerns everyone and could certainly concerns a world bank. the world bank, of course, is very preoccupied with disruptions and commodity markets because they are wreaking havoc on a great many developing countries in emerging markets. these, these disruptions are being manifested and enormous. no impact, especially on the, on the poorer segments, you know, price hikes, all of food and oil or, or about the most regressive kind of shock. so certainly, the, the world bank is very concerned about the commodity market implications. of, of, of, of, of the conflict. ok, common reinhardt,

senior vice president at the will bank. thank you very much for taking the time speak to us. thank you. believe western sanctions ravaged the ruble, and nations turn away from russian. oil and gas russians are need of alternative investments, goes as long provided a safe haven and risky times now is no exception. jewelry stores in sudan are doing well with the north east african country is suffering from the consequences of a long civil war. and gold is seen as a safe haven and on certain times it's not just sudanese people buying the precious metal. the russians are also buying on a grand scale, not a jewelry stores, but directly from sudanese mines. according to local media reports erosion, gold rush could be a hedge against western sanctions. the price of the precious metal has gone up around 10 percent since the start of the war. the russian central bank currently holds around $2300.00 tons of gold is the 5th largest gold hoard in the world. no

country has bought as much gold rush in the last 10 years. according to the world. gold council of selling gold is becoming more and more difficult. london, the world's largest gold trading center, has suspended purchases from russia because of the war and ukraine. there are, however, loopholes, other trading places in china, for example, or india. the russian central bank does not need to sell the gold yet. the kremlin could use its gold holdings to guarantee deposits at banks, which suffer from western sanctions. the share of gold in the countries foreign exchange reserves is at 23 percent, which is very high. china comes in 2nd, followed by japan and germany. much of russia's foreign exchange reserves are frozen because of the war as part of the sanctions. the growing stock of gold has given moscow a little more independence from the u. s. daughter and the euro. but gold is heavy and difficult to transport. you cannot pay for everything with it. to cipher

reminder of the top business story we're following for you this our ellen musk has offered to buy twitter, test that i care no, says suggested he would have to sell his existing 9 percent state in social media company. if his offer was tend to not so for me and the business team here in berlin until next time they came into the conflict zone with to sebastian fresh allegations with russian forces murder, ukrainian, civilians outside key f, have rapidly found their way to the un general assembly, but as russia really care what the world thinks about its invasion, my guess is weak from moscow was perform a deputy for andrea, a next on d w thing for chicken, an egg modern chickens,

always dressed down. there been bread to produce maximum heels or anger, or fat he made in record time. animal friendly farming looks different . breeders and scientists are searching for old and new method. 60 minutes on a w. oh. we're all good to go beyond p all? yes. a, as we take on the world. i do all this. yeah, we're all about the stories that matter to you.

whatever it takes to find policeman a dealer we are year is actually on fire made for mines fresh allegations, the russian forces murder, ukrainian, civilians outside k f have rapidly found their way to the un general assembly 93 countries voted to suspend russia from the un human rights council, a humiliating move of moscow, immediately condemned as illegitimate and politically motivated. but as russia really care what the world thinks about its invasion, my guest this week from moscow is perform a deputy for a minister. i'm very few other of as russia finally acknowledges, significant military losses.